DTE Energy (DTE) FY2013 results: revenue $9.7 billion, up 9.9% on the year
DTE Energy Co. (DTE) reported revenue of $9.7 billion for fiscal 2013, the year ended 31 December 2013, up 9.9% on the year before. Net income was $661 million, up 8.4%, and diluted earnings per share $3.76. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2014.
Revenue
$9.7 billion
+9.9% on the year
FY2010FY2013
Operating margin
12.5%
14.5% a year earlier
FY2010FY2013
Net income
$661 million
+8.4% on the year
FY2010FY2013
Diluted EPS
$3.76
+5.9% on the year
FY2010FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
9,661
8,791
8,858
+9.9%
Operating income
1,203
1,279
1,423
-5.9%
Operating margin
12.5%
14.5%
16.1%
Interest expense
436
440
488
-0.9%
Pre-tax income
922
960
991
-4.0%
Income tax
254
286
268
-11.2%
Effective tax rate
27.5%
29.8%
27.0%
Net income
661
610
711
+8.4%
Net margin
6.8%
6.9%
8.0%
Diluted EPS
$3.76
$3.55
$4.18
+5.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
2,154
2,209
2,008
-2.5%
Cash from investing
-1,906
-1,769
-1,560
Cash from financing
-261
-443
-445
Depreciation and amortisation
1,094
1,018
995
+7.5%
Share-based compensation
99.0
83.0
66.0
+19.3%
Buybacks
0.0
0.0
18.0
Dividends paid
445
407
389
+9.3%
Dividend per share
$2.59
$2.42
$2.32
+7.0%
Diluted shares, weighted
175m
172m
170m
+1.7%
Shares outstanding at period end
177m
172m
169m
+2.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
7,921
7,373
7,009
+7.4%
Non-controlling interest
33.0
38.0
44.0
-13.2%
Debt
8,243
8,071
8,132
+2.1%
Other liabilities
9,738
10,857
10,824
-10.3%
Total liabilities and equity
25,935
26,339
26,009
-1.5%
Fixed assets
15,800
14,684
13,746
+7.6%
Goodwill
2,018
2,018
2,020
0.0%
Intangible assets
134
155
73.0
-13.5%
Investments
1,794
1,591
1,462
+12.8%
Cash and equivalents
52.0
65.0
68.0
-20.0%
Receivables
1,542
1,336
1,317
+15.4%
Other assets
4,595
6,490
7,323
-29.2%
Total assets
25,935
26,339
26,009
-1.5%
10-K for the year ended 31 December 2013, filed 14 February 2014: the filing.